M and A
Two Airline Pilot-Focused RIAs Merge In Dallas
Smith Anglin
Financial, a Dallas,
TX, registered investment
advisor, has merged with Rhoads Lucca Capital
Management in a deal the firms say will improve succession
wealth planning for commercial airline pilots.
The firms said that criteria for the deal included finding a fit
for Rhoads Lucca’s traditional
RIA active and retired pilot clients as well as for 401(k)
accounts it managed.
The combined firms serve commercial pilots from Southwest,
United, Delta,
US Airways/American and FedEx, among others, in 45 states.
“This merger is a solution for the Rhoads Lucca succession
planning because the combined firm has more resources for client
solutions and
delivery of those solutions,” Steve Anglin, managing partner of
Smith Anglin,
told Family Wealth Report.
“The combined firm has a wider range of leadership across
the age spectrum. Whenever John Rhoads [Partner at Rhoads Lucca]
decides to
retire, he can now do so knowing that everything he built is in
good hands and
that it will continue to operate with the same level of integrity
and standard
of service that are his hallmarks.”
He added that the distinct needs of his firm’s clients are
help with tax-efficient investment management and planning for a
long period of
retirement.
“Another important need during the retirement process is
evaluation and explanation of company benefits and planning to
maximize the
benefits provided by the employer,” Anglin said.
“We help them [pilots] pre-retirement, with planning and
leading up to it, then we manage their financial lives when they
enter
retirement.”
The deal brings the combined AuM of the RIA to about $500 million.
